After writing my last post, I decided that there were a couple more things to add:
Although the convenience of handling transactions online has grown so popular, people are weary of their personal information getting into the wrong hands. For this reason, most websites which use an SSL certificate assure their customers that efficient measures to protect them have been put in place. You will always see a lock or a green bar on the left hand side of your browser’s address bar when browsing on a website which handles financial transactions. The visual assurance helps reduce cases of phishing in that a client would get suspicious if they landed on a website which does not have the lock or green bar yet it claims to process financial information.
As a client who uses online banking for their transactions, you should always be on the lookout for any signs that make you suspicious about the safety of a website. In no circumstances should you transact online if your data will not be encrypted. Although some banks guarantee that they will take responsibility should a cyber attack which leads to loss of money be launched on any of their customers, it will not come without inconveniences. Secondly, your money can always be safe and untouched but people with ill intentions are fond of using others personal banking information to launch their blackmail schemes. Always strive to be on the safe side.